A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.
Tata Capital Q1 Results: Net profit jumps 56% YoY to Rs 1,547 crore, revenue up 15%
Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 15 percent.